The global cultures market is set to observe progress at a CAGR of 4.3% and top a valuation of USD 2.1 Bn by 2032.
Since the development of fermentation, processed and fermented food products have become an integral component of several global food traditions. Microbial culture techniques and their utilization in food fermentation processes have enabled transformation of the industry. Microbial cultures are an indispensable component of beverage industry where microbial fermentation enable production of alcoholic as well as non-alcoholic beverages.
Growing popularity of starter culture and associated challenges of viability maintenance has generated need of innovation that increase the efficiency of starter cultures. Moreover, application of microbial cultures in coffee processing and coffee being a staple drink in major world regions, is likely to increase culture utilization in coffee processing. Globalization and increasing purchase capacity has positively influenced the growth of beverage market which in turn support the culture market growth. However, stringent regulatory frameworks that regulate food processing and food additives are challenging the food culture suppliers.
Key Takeaways from Market Study
- The Cultures market is anticipated to grow at CAGRs of 4.3% in forecast period which grew by 3.5% in historic period
- Market share of India is around 58% in South Asia Cultures market
- Recent decade has witnessed transformation of consumer preference in terms of choice, safety, quality, and affordability of food. There is a growing preference for functional foods, GMO free food, and organic or sustainable food options. Apart from growing demand of starter culture form food manufacturers, probiotic microbial cultures are among leading preferences of consumers owing to their health benefits
- US cultures market is anticipated to develop at compound annual growth of about 5.1% over forecast period
“Increasing alcoholic beverage consumption, notably beer, and indispensable use of starting culture in beer production, growing demand for processed and fermented foods trends being perceived are likely to boost demand for cultures market”, says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape
Key manufacturers of Cultures are majorly focusing on research & expansion to improve the variability, superiority, and novelty of their products. Top houses in the cultures market focus on partnership and solidification supply chains in an attempt to consolidate their position
- DuPont Nutrition & Health has introduced a novel culture portfolio designed exclusively for photo-fermentation. These cultures are freeze-dried and are suitable for use in both small and large-scale industrial procedures
- Hansen also introduced ten fresh new next-generation cultures to the cultures market, with the goal of introducing a cheese and yogurt-based alternative to synthetic preservatives. These cultures, which are available in free-dried pellet form, are likely to gain popularity due to the added benefit of a longer shelf life
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global cultures market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (starter, adjunct, probiotic, and other types) and application (beverages, sauces, dressings, and condiments, bakery & confectionery, dried processed food, sweet & savoury snacks, frozen and chilled processed food, and other applications) across seven major regions of the world.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube